September 21, 2018 - 6:59 AM EDT
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Compressed Natural Gas (CNG) Markets to 2024 - Featuring J-W Power, Indraprastha Gas, National Iranian Gas, Trillium CNG, ANGI Energy Systems, and more - ResearchAndMarkets.com

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The "Compressed Natural Gas Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024" report has been added to ResearchAndMarkets.com's offering.

The report predicts the global compressed natural gas market to grow with a CAGR of 10.5% over the forecast period of 2018-2024.

The increasing use of natural gas in the automotive industry is the major factor driving the growth of the compressed natural gas market.
CNG can be used in the traditional internal combustion engines that have been originally designed for gasoline and diesel; that is anticipated to fuel the growth of the compressed natural gas market. In addition, increase demand for hybrid vehicle and stringent regulation on the use of commercial passenger vehicles fitted with CNG as this cause low carbon emission is boosting the growth of the compressed natural gas market.
However, lack of infrastructure and high installation cost for storage are the factors likely to hamper the growth of the compressed natural gas market during the forecast period. Furthermore, increasing research and development investment on dual fuel technology by the leading automobile manufacturers are anticipated to open several doors of opportunity foe the key players in the compressed natural gas market over the years to come.
Asia Pacific is the largest consumer of compressed natural gas as transit buses and delivery & garbage truck fleets prefer CNG to fossil fuel. Europe followed by Asia pacific emerged as the second largest compressed natural gas market.

Companies Profiled

  • J-W Power Company
  • Indraprastha Gas Limited
  • National Iranian Gas Company
  • Trillium CNG
  • ANGI Energy Systems Inc.
  • Hexagon Composites ASA
  • Quantum Fuel Systems Technologies Worldwide Inc.
  • GNVert
  • Luxfer Group

Key Topics Covered

1. Preface

2. Executive Summary

3. Global Compressed Natural Gas Market Overview

4. Compressed Natural Gas Market Macro Indicator Analysis

5. Global Compressed Natural Gas Market by Source

6. Global Compressed Natural Gas Market by Application

7. Global Compressed Natural Gas Market by Region 2018-2024

8. Company Profiles and Competitive Landscape

For more information about this report visit https://www.researchandmarkets.com/research/7phvzz/compressed?w=4

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Related Topics: Natural Gas


Source: Business Wire (September 21, 2018 - 6:59 AM EDT)

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